• St. Louis Headquarters Growing Through Acquisitions

    Jan 04, 2018

    Recent years have seen a high volume of U.S. corporate mergers and acquisitions. St. Louis area headquarters have been active acquirers growing through many significant acquisitions. In 2017, St. Louis companies acquired almost $20 billion worth of major companies across industries including health care, manufacturing, and technology.  

    Most notably, Centene, Express Scripts, and Emerson each made acquisitions worth over $3 Billion. Other major acquisitions were spearheaded by Quinpario, Post Holdings, and Mallinckrodt. The following list details some of the largest company acquisitions in 2017 by St. Louis headquarters.

     MAJOR ACQUISITIONS BY ST LOUIS COMPANIES 2017

    St. Louis Company HQ

    Acquired Company

    Acquisition Price

    Acquisition Date

    Centene

    Fidelis Care

    $3.75 Billion

    September 12, 2017

    Express Scripts

    eviCore healthcare

    $3.60 Billion

    October 10, 2017

    Emerson

    Pentair

    $3.15 Billion

    May 1, 2017

    Quinpario Acquisition Corporation

    SourceHOV LLC & Novitex Holdings Inc.

    $2.80 Billion

    July 10, 2017

    Post Holdings

    Weetabix

    $1.80 Billion

    July 3, 2017

    Post Holdings

    Bob Evans

    $1.50 Billion

    September 19, 2017

    Mallinckrodt

    Sucampo

    $1.20 Billion

    December 26, 2017

    Emerson

    Paradigm

    $510 Million

    December 4, 2017

    Express Scripts

    myMatrixx

    $250 Million

    May 2017

    Belden

    Thinklogical

    $160 Million

    May 2017

    Sources: St. Louis Business Journal and St. Louis Post-Dispatch.

    These acquisitions were dwarfed by Emerson’s ultimately unsuccessful $29 billion bid to acquire Rockwell Automation, an industrial automation provider.(1)  Emerson quickly pivoted to a buy back of their own shares and two smaller acquisitions, Paradigm for $510 million and Cooper-Atkins for an undisclosed sum.(2)

    St. Louis has long been an attractive location for the headquarters of some of the world’s largest and most innovative companies. Recent major acquisitions demonstrate the continuing strength and growth of the St. Louis headquarters market. 

    Sources: (1) “Emerson Withdraws $29 Billion Bid to Acquire Rockwell” St. Louis Business Journal, Nov. 28, 2017. (2)  “Emerson to Acquire Connecticut-based Manufacturer” St. Louis Business Journal, Dec. 20, 2017.

  • Infrastructure Task Force Report on the Right Track

    Jan 03, 2018

    MO fuel tax mapAfter over half a year’s work, the 21st Century Missouri Transportation System Task Force issued its final report on the state of Missouri’s transportation infrastructure.  The report lays out a thoughtful, three-part roadmap of recommendations to improve Missouri’s transportation system that recognizes the need to invest more in infrastructure to develop and maintain a system that will deliver economic growth.

    As St. Louis Regional Chamber President and CEO Joe Reagan has repeatedly noted, “deferred maintenance is not a capital plan.” The Chamber has for years strongly supported policies that would increase public investment in our transportation infrastructure.  We commend the Task Force in calling for an immediate investment package of $400-500 million annually to improve our roads and bridges, including a 10-cent increase in the gasoline tax and 12-cent increase in the diesel tax.

    A fuel tax is a form of user fee that captures income from both Missouri residents and non-residents who transit our state, increasing the revenue available for infrastructure funding.  The Chamber also supports the Task Force recommendation to index the fuel tax and other user and operator fees to account for inflation so that the purchasing power of these revenue streams do not diminish over time, which has contributed to our current underinvestment.

    We are also encouraged by the Task Force’s forward-thinking recommendation to invest more in modes of transportation that are increasingly needed to compete for workforce and jobs. A dedicated revenue stream of $50-70 million to increase investment in mass transit, rail, airports, and river transportation will allow us to take full advantage of our geographic advantage as the hub of four interstates, six class 1 railroads, five airports, and the third largest inland port in the United States, as well as providing options for the car-free lifestyle favored by increasing numbers of St. Louisans.

    At our Chamber Champions event in November, the Regional Chamber recognized Representative Kevin Corlew for his work establishing the Task Force and for his service as Chairman during the public hearing process. The report he and the dedicated public servants of the Task Force produced creates a clear vision of what we need to do.  We look forward to working with Rep. Corlew, the General Assembly and Governor Greitens to deliver the transportation infrastructure Missouri deserves.